Thursday, November 21, 2019

Mid-Session: Sensex, Nifty volatile; Infra stocks rally : 21.11.2019

Mid-Session: Sensex, Nifty volatile; Infra stocks rally : 21.11.2019

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Indian benchmarks continued to hover in red during the noon trading session amid selling in energy, pharma metal and infra stocks, while some buying seen in the IT and PSU banks.

* Overseas, European stocks are likely to open lower on Thursday after the United States House of Representatives passed two bills intended to support protesters in Hong Kong and send a warning to China about human rights.

* Among others, Jubilant Life Sciences share price added more than 7 percent on November 21 after terminating anti-dumping duty on imported pyridine originating in India.

* Meanwhile, Cadila Healthcare on November 21 said Zydus Cadila has received final approvals from the US health regulator for Isosorbide Dinitrate Tablets and Desonide Cream.

* Whereas, crude oil futures rebounded after early weakness on Wednesday and regained the entire ground lost in the previous session after official data showed crude stockpiles in the U.S. rose less than expected in the week ended November 15.